Turtle Creek Asset Management Inc. Has $169.17 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Turtle Creek Asset Management Inc. trimmed its position in Berry Global Group, Inc. (NYSE:BERY) by 33.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,615,849 shares of the industrial products company’s stock after selling 1,297,930 shares during the period. Berry Global Group accounts for approximately 4.4% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 8th biggest position. Turtle Creek Asset Management Inc.’s holdings in Berry Global Group were worth $169,167,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BERY. UMB Bank n.a. lifted its stake in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 306 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Berry Global Group by 3,569.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 821 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. lifted its stake in shares of Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,626 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Stock Performance

Shares of Berry Global Group stock opened at $67.69 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The business has a 50-day moving average price of $68.00 and a two-hundred day moving average price of $68.45. Berry Global Group, Inc. has a 1-year low of $57.52 and a 1-year high of $74.24. The company has a market cap of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $1.95 EPS. The business’s revenue was up .0% compared to the same quarter last year. As a group, analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on BERY shares. Truist Financial dropped their price target on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. StockNews.com started coverage on Berry Global Group in a report on Monday, May 12th. They issued a “buy” rating for the company. Finally, UBS Group increased their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.29.

Berry Global Group Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.